HomeTeamNS Insurance scheme/HomeTeamNS living Policy
Low cost group insurance schemes that is specially designed for Home TeamNS members
Home TeamNS and NTUC Income are pleased to offer you two low cost insurance plans, designed specially for you and your family members. These attractive, low cost term life insurance plans offer you with the option of choosing protection amounts in multiples of $10,000 up to a maximum of $300,000, or $150,000, depending on types of insurance.
1. HomeTeamNS Insurance Scheme
You can also choose your required sum assured of $100,000 for $127 a year or only $0.351 a
day - less than what you pay for a newspaper! But why stop at $100,000?
You can insure your spouse up to a maximum of $300,000 and your children2 (above
5 years) up to a maximum of $150,000 each, provided you are insured as well.
Be covered for:
| |
Payment |
| Death |
Full sum assured |
| Death (from accidents) |
Full sum assured plus additional 25% |
Permanent and Total Disability
(arising from illness & accidents) |
Full sum assured plus additional 1% of the sum assured for
24 months or till age 65, whichever is earlier |
Permanent and Partial Disability
(from accidents) |
Varying percentages of sum assured3 |
Low Premiums
| Age Next
Birthday |
Up to 45 |
46-55 |
56-65 |
Annual Premium per $10,000
sum assured
(per person) |
$12.70 |
$20.80 |
$40.40 |
Premium rates are non-guaranteed and may be reviewed from time to time.
2. HomeTeamNS Living Policy
Our HomeTeamNS Living Policy is another low cost yet comprehensive insurance
plan specially packaged for HomeTeamNS members. You can select the sum insured
you want in multiples of $10,000, up to a maximum of $150,000. For $50,000 sum
assured, premium is $144.50 or only $0.401 per
day!
Once you are insured with Home TeamNS Living Policy, you can extend the coverage
to your spouse too, up to a maximum of $150,000, and your children2 (above
5 years) up to a maximum of $50,000 each.
Be Covered For:
| |
Payment |
| Death |
Full sum assured |
Permanent and Total Disability (all causes) |
Full sum assured |
| 30 Dread Diseases |
Full sum assured 4 |
| Hospital Benefit |
$10 for each day of hospitalisation in Singapore per $10,000 sum assured. (subject to a max of 365 days) |
Affordable Premiums
| Age Next Birthday |
Up to 45 |
46-55 |
56-65 |
Annual Premium per $10,000
sum assured (per person) |
$28.90 |
$41.60 |
$80.80 |
Premium rates are non-guaranteed and may be reviewed from time to time.
Exclusions
There are certain conditions whereby the benefits under this plan will not be payable. These are stated as exclusions in the contract. You can refer to the policy contract for the full list of exclusions.
IMPORTANT NOTES
1 Applicable only to policyholders aged below 45
2 For male children, the insurance cover shall cease upon the attainment of 21 years, National Service enlistment date or at the end of the policy year, whichever is earlier.
3 Please refer to the table of compensation in the policy contract for the various
percentages.
4 Except Angioplasty and Other Invasive Treatment for Coronary Artery.